{"id":14641,"date":"2020-10-28T23:47:33","date_gmt":"2020-10-28T16:47:33","guid":{"rendered":"https:\/\/dongtam.mywebico.com\/?p=14641"},"modified":"2020-10-28T23:47:33","modified_gmt":"2020-10-28T16:47:33","slug":"vietnams-pv-oil-continues-to-market-song-doc-crude-sources","status":"publish","type":"post","link":"https:\/\/dongtam.com.vn\/en\/vietnams-pv-oil-continues-to-market-song-doc-crude-sources\/","title":{"rendered":"Vietnam&#8217;s PV Oil continues to market Song Doc crude: sources"},"content":{"rendered":"<\/p>\n<div class=\"post-content\">\n<div style=\"text-align: justify\"> <img decoding=\"async\" alt=\"dau-hoa\" src=\"https:\/\/dongtam.com.vn\/wp-content\/uploads\/2020\/10\/dau-hoa.jpg\" style=\"width: 500px;height: 375px\" title=\"dau-hoa\"><\/p>\n<p> Vietnamese state-owned PV Oil is continuing to market its light sweet Song Doc crude, said an industry source and a trader familiar with the matter.<br \/> \u00a0<\/div>\n<div style=\"text-align: justify\">The move comes after the company said in April that a cargo loading in June would likely be the last from the field.<\/p>\n<p> The industry source said that supply and marketing of Song Doc crude would continue as the lease on the project&#8217;s floating production storage and offloading (FPSO) unit was recently extended.<\/p>\n<p> A PV Oil spokesman did not immediately reply to requests for comment.<\/p>\n<p> PV Oil last sold a 200,000-barrel Song Doc cargo loading June 11-17 to Shell at a premium of between $1.50-2.00 per barrel to dated Brent.<\/p>\n<p> The Vietnamese state-marketer is now offering 200,000-barrels of the grade for Oct. 5-11 loading via a sell tender that was issued Aug. 10, according to the trader. The tender, which closes on Aug. 17, is the first in four months.<\/p>\n<p> Commercial production at the project began in 2008, with the grade&#8217;s first 250,000-barrel cargo loading in November that year.<\/p>\n<p> The Song Doc field was expected to yield around 25,000 barrels per day at peak production levels, but declining output rates have slashed current levels to around 2,000 bpd.<\/p>\n<p> &#8220;If a field is closed for too long it will damage the reservoir and maybe kill the field off,&#8221; the trader said.<\/p>\n<p> He noted that continuing production could also look more attractive than previously as regional crude premiums have started to recover in recent months.<\/p>\n<p> <em><strong>Source\u00a0thanhniennews.com<\/strong><\/em><br \/> \u00a0<\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Vietnamese state-owned PV Oil is continuing to market its light sweet Song Doc crude, said an industry source and a trader familiar with the matter. \u00a0 The move comes after the company said in April that a cargo loading in June would likely be the last from the field. The industry source said that supply [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":14046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[734],"tags":[],"class_list":["post-14641","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/posts\/14641"}],"collection":[{"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/comments?post=14641"}],"version-history":[{"count":1,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/posts\/14641\/revisions"}],"predecessor-version":[{"id":15231,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/posts\/14641\/revisions\/15231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/media\/14046"}],"wp:attachment":[{"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/media?parent=14641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/categories?post=14641"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dongtam.com.vn\/en\/wp-json\/wp\/v2\/tags?post=14641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}